Richmond Heights, OH Rental Market Trends
Highlights
The average rent for an apartment in Richmond Heights is $850, a 4% increase compared to the previous year, when the average rent was $818.
Average Rent in Richmond Heights, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $850 | 4% | 835 sq. ft. |
The average size for a Richmond Heights, OH apartment is 835 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Richmond Heights, OH Apartment Rent Ranges
- < $5002%
- $501-$70022%
- $701-$1,00052%
- $1,001-$1,50024%
Richmond Heights, OH Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
1,896 or 39% of the households in Richmond Heights, OH are renter-occupied while 2,867 or 60% are owner-occupied.
Richmond Heights, OH Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Richmond Heights, OH | $763 | $787 | $779 | $799 | $799 | $818 | $840 | $864 | $850 |
| National | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 |
How Richmond Heights Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Cincinnati | $1,028 | 6% |
| Columbus | $941 | 3% |
| Dayton | $797 | 7% |
| Northwest Ohio | $784 | 5% |
| Cleveland | $1,098 | 3% |
| Shaker Heights | $1,263 | -1% |
| Euclid | $694 | 1% |
| Cleveland Heights | $1,103 | 5% |
| Willoughby | $1,070 | 5% |
| Woodmere | $1,545 | 1% |
| Richmond Heights | $850 | 4% |
For more information about the Richmond Heights rental trends, check out our monthly rent report
Check out Ohio Cities, Ohio Neighborhoods and Ohio Zip Codes for more details on verified listings, including the Ohio Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!